DaVita Inc

DVA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	LOCK\|X^	LOCK\|YVH>	LOCK\|#ZQHNY

DaVita Earnings: New Debt Costs Pressure 3Q Results, but 2024 Outlook Remains Intact

Julie Utterback

Oct 30, 2024

Higher rates on new debt pressured narrow-moat DaVita's third-quarter results, but DaVita maintained its 2024 operating outlook and gave an initial view for 2025 that included adjusted operating income growth returning to prepandemic norms of 3% to 7%. Our near-term expectations appear roughly in line with that view, and we are keeping our $134 fair value estimate intact. While DaVita shares still appear overvalued to us, shares are retreating closer toward our fair value after this call.

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DaVita Inc

DaVita Earnings: New Debt Costs Pressure 3Q Results, but 2024 Outlook Remains Intact

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